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Macroeconomics Name of the Student Name of the University

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Added on  2021-05-31

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Running Head: MACROECONOMICS MACROECONOMICS MACROECONOMICS 6 6 Macroeconomics Name of the Student Name of the University Author note Answer 1 2 Answer a 2 Answer b 2 Answer c 2 Answer 2 3 Answer a 3 Answer b 3 Answer c 3 Answer d 4 Answer 3 4 Answer a 4 Answer b 5 Answer c 5 Answer d 5 Answer e 5 Answer 1 Answer a Figure 1: Demand, Supply and Equilibrium for flashlight The equilibrium price is $4 and the

Macroeconomics Name of the Student Name of the University

   Added on 2021-05-31

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Running Head: MACROECONOMICSMacroeconomicsName of the StudentName of the UniversityAuthor note
Macroeconomics Name of the Student Name of the University_1
MACROECONOMICS1Table of ContentsAnswer 1......................................................................................................................................2Answer a......................................................................................................................................2Answer b......................................................................................................................................2Answer c......................................................................................................................................2Answer 2..........................................................................................................................................3Answer a......................................................................................................................................3Answer b......................................................................................................................................3Answer c......................................................................................................................................3Answer d......................................................................................................................................4Answer 3..........................................................................................................................................4Answer a......................................................................................................................................4Answer b......................................................................................................................................5Answer c......................................................................................................................................5Answer d......................................................................................................................................5Answer e......................................................................................................................................5
Macroeconomics Name of the Student Name of the University_2
MACROECONOMICS2Answer 1Answer aFigure 1: Demand, Supply and Equilibrium for flashlight The equilibrium price is $4 and the equilibrium quantity is 8,000 Answer bAt $5, quantity supplied (10,000) is greater than quantity demanded (6,000). As supplyexceeds demand, a problem of excess supply exists. In response to excess supply, price isexpected to fall.Answer cAt $2, quantity demanded per month (12,000) exceeds to the quantity supplied (4,000)leading to a problem of excess demand in the market. Under the excess demand condition priceis expected to increase.
Macroeconomics Name of the Student Name of the University_3

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